Credit insurance

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Credit insurance

Credit insurance is optional insurance that may make your auto payments to your lender in certain situations, such as if you die or become disabled.  If you are considering credit insurance, make sure you understand the terms of the policy being offered. If you decide you need insurance, there may be cheaper ways for you to obtain coverage than to buy credit insurance and add it to your auto loan. For example, life insurance may be less expensive than credit life insurance and allow your family to pay off other expenses in addition to your auto loan.